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BABA

Alibaba Group Holding LimitedClose $107.10EOD only

Max Pain

$112.00

Next expiry Jun 26, 2026

Expected Move

±$4.45

4.2% from close

Price Gap

+4.90

Distance to max pain

IV Rank

100

High premium

P/C OI

0.54

Slightly call-heavy

Consensus

6.0/10

Consensus signal

Published snapshot: Jun 18, 2026 close

End-of-day snapshot

This page reflects BABA options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot

Jun 18, 2026 close

BABA Flow Report

Analysis based on market close June 18, 2026

Directional Theta Gang Flow Earnings Consensus

Historical consensus-supported lens with full content, report chain context, and metric rail.

Flow Verdict

Confidence:

7 / 10

base 5; +2 GEX/flow strongly aligned; -1 spot 10.8% from MP; +1 VIX 16

Watch next session: $100; $110

Flow Summary

Net premium: -$352.0M bearish

P/C volume ratio: 1.12

P/C OI ratio: 0.54

Heavy put buying at $100 and $110 with high vol/OI ratios signals strong bearish sentiment. Negative net premium and spot below MP reinforce downside bias. Mixed flow but put-heavy volume confirms. Low put OI ratio suggests fresh bearish bets.

Notable Prints

BABA 2026-06-18 $107.00 Call

Vol: 4,197

OI: 150

Vol/OI: 28.0x

IV: 12.9%

Notional: ~$67K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

BABA 2026-06-18 $105.00 Call

Vol: 2,888

OI: 191

Vol/OI: 15.1x

IV: 64.1%

Notional: ~$534K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

BABA 2026-06-18 $170.00 Put

Vol: 1,227

OI: 114

Vol/OI: 10.8x

IV: 462.1%

Notional: ~$7.7M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

BABA 2026-06-18 $165.00 Put

Vol: 10,864

OI: 1,222

Vol/OI: 8.9x

IV: 479.7%

Notional: ~$61.7M

Intent: Similar downside positioning

Dual read: Large OTM put buying, possible tail risk hedge

Read-through: Reinforces bearish outlook with elevated volatility

BABA 2026-06-18 $200.00 Put

Vol: 1,108

OI: 152

Vol/OI: 7.3x

IV: 594.5%

Notional: ~$10.1M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: OTM calls at $105-$109 for Jun/Jul

Put additions: Deep ITM puts at $160, $170, $200, $140

GEX/DEX consistency: GEX -$48.6M vs DEX +46.1M shares – mixed

OI clusters: Put OI clusters at $160 (3.9k) and $140 (2k)

Hedging evidence: Deep ITM put buying signals institutional hedging

Max pain context: Spot ~$98, MP likely ~$110; pin improbable

Signal vs Noise

~High put vol/OI at deep ITM strikes = signal of hedging

~Low OTM call activity likely noise / speculative

~VIX 16 amid put flow suggests noise

Key Conclusions

🛡️Deep ITM put flow consistent with institutional hedging, not definitive

⚠️GEX negative + large put flow suggests dealers short gamma, amplifying moves

📉Spot 10.8% below MP; heavy put hedging may prevent pin

How to Use These Reports

This flow reflects the market close on June 18, 2026.

What the reports do

Each report translates the same market-close options snapshot into a specific lens such as directional bias, premium-selling posture, flow quality, or earnings setup.

How traders use them

Reports are most useful for narrowing the playbook, surfacing entry and risk context, and deciding which raw data page to inspect next.

What to remember

These are interpretation layers, not execution guarantees. Validate the setup against chain liquidity, expected move, and exposure before sizing risk.

If the report conviction and the raw data disagree, slow down and resolve the mismatch before sizing risk.